Category Archives: Economy

17Apr/23

Future of the dollar, as oil deals are increasingly done in other currencies

April 17, 2023EconomyChina, Chinese Yuan Renminbi, Currency, Dollar, Economy, Foreign exchange market, Hard currency, International finance, Monetary hegemony, Money, Reserve currency, Trade wars, United States, US Dollar, World currencyadmin

April 17, 2023 /Economy/ — The future of the dollar as the world’s reserve currency is uncertain. The dollar has been the world’s reserve currency for over 70 years, but there is a growing trend of countries using other currencies for oil deals. This trend is being driven by a number of factors, including the rise of China and other emerging economies, the increasing volatility of the dollar, and the desire of some countries to reduce their reliance on the United States.
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16Apr/23

What is in Zambia’s debt restructuring proposal sent bondholders?

April 16, 2023EconomyBankruptcy, China, Debt, Debt relief, Debt restructuring, Economy, Eurozone, External debt, Finance, Insolvency, International Monetary Fund, Money, Zambiaadmin

April 16, 2023 /Finance/ — If Zambia’s debt restructuring proposal is successful, it will help to improve the country’s economic outlook and create a more stable environment for businesses and investors. This will ultimately benefit the Zambian people by creating jobs, improving infrastructure, and providing access to basic services.

It is important to note that there are a number of risks associated with Zambia’s debt restructuring proposal. If the proposal is not successful, it could lead to a further deterioration in Zambia’s economy and could potentially lead to a default on Zambia’s debt.

Zambia sent a debt restructuring proposal to bondholders on April 14, 2023. The proposal includes the following key points: Continue reading →

16Apr/23

Summary of The IMF Transcript of the 2023 Fiscal Monitor Press Briefing

April 16, 2023Economyadmin

The IMF Transcript of the 2023 Fiscal Monitor Press Briefing discusses the following topics:

The impact of the pandemic on fiscal policy.
The role of fiscal policy in supporting monetary policy.
The need to reduce debt levels.
The risks to financial stability.
The need to support vulnerable members.
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14Mar/23

Budget 2023: government needs to show it can jack up growth to regain economic credibility

March 14, 2023EconomyAcademic disciplines, Ant Clausen, Creative Commons, Deficit reduction in the United States, Economics, Economy, Inflation, Jeremy Hunt, Rishi Sunak, Steve Schifferes, Tax, Unemployment, United Kingdom, United States federal budget, Universal Creditadmin

Steve Schifferes, City, University of London

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early for eye-catching tax cuts or business boosts.

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14Feb/23

DESPITE HOLDING MORE THAN 8% OF THE WORLD’S PROVEN NATURAL GAS RESERVES, AFRICA REMAINS THE MOST ENERGY-POOR CONTINENT

February 14, 2023EconomyAfrica Finance Corporation, African Energy Commission, Energy in Africa, Hawilti Ltd., International Gas Unionadmin

The International Gas Union (IGU) in partnership with Hawilti Ltd. released an important new study on Gas for Africa, assessing the potential for domestic gas resources to energise Africa in line with the global energy transition. The African Energy Commission (AU-AFREC) and the Africa Finance Corporation endorse the report and its findings. Continue reading

19Jan/23

CBI and Finastra survey shows UK SMEs face significant barriers to international trade

January 19, 2023EconomyCanvassing, Small and medium-sized enterprises, United Kingdomadmin

Research from the CBI and Finastra, canvassing the opinions of UK small and medium-sized businesses (SMEs), suggests that there’s a gap between the ambition of firms to trade internationally and the reality of doing so. While just 44% of businesses surveyed currently engage in international trade, only 23% said they were not interested in doing so. One third of respondents believe there’s potential value, but do not trade internationally due to perceived barriers and a lack of support. Continue reading

17Jan/23

Trip.com Group participates in World Economic Forum 2023, reaffirming crucial role of travel in global economy

January 17, 2023EconomyArticles, Ctrip, Davos, Jane Sun, Organizations, Switzerland, Trip, Trip.com, Trip.com Group, World, World Economic Forumadmin

Leading online global travel service provider, Trip.com Group, is driving the ongoing recovery of travel at the prestigious World Economic Forum (WEF). Trip.com Group Chief Executive Officer, Jane Sun, attended the in-person forum held in Davos, Switzerland that brings together leaders from government, business, and civil society to address the state of the world and discuss priorities for the year ahead. Continue reading

09Jan/23

Global economy 2023: why there will still be plenty of pressure on food prices in the year ahead

January 9, 2023EconomyAgriculture, Argentina, Articles, China, Creative Commons, Egypt, Energy crops, Europe, Famine, Food and drink, Food industry, Food politics, Food prices, Food security, India, Inflation, John Hammond, Moscow, Pakistan, Pricing, Russia, Ukraine, United Kingdom, Wheat, Yemen, Yiorgos Gadanakisadmin

John Hammond, University of Reading and Yiorgos Gadanakis, University of Reading

Welcome to this special report on the food industry, the fourth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy and the cost of living.

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20Dec/22

World Cup 2022: who won the prize for ‘soft power’?

December 20, 2022EconomyArabian Peninsula, Argentina, Creative Commons, Doha, Emir, Emmanuel Macron, FIFA, FIFA World Cup, France, Geography of Asia, Germany, HYUNDAI, Japan, Jung Kook, Kylian Mbappé, Lionel Messi, Marie Kondo, Morocco, Palestinian Territories, Paul Widdop, Portugal, Qatar, Russia, Saudi Arabia, Simon Chadwick, Sofiane Boufal, Soft power, South Korea, Spain, Western Asia, Worldadmin

Simon Chadwick, SKEMA Business School and Paul Widdop, University of Manchester

After four weeks, 64 games and more than a decade of controversy, Argentina has won the Fifa men’s World Cup in Qatar. And as Lionel Messi and his teammates celebrate victory over France, another competition has also reached its conclusion – the battle for “soft power”.

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13Dec/22

Global economy on the brink of a recession amid several headwinds

December 13, 2022Economyadmin

Facing an unprecedented mix of challenges, the global economy is facing a sharp deterioration of growth. After 2023, the picture is slightly better, as we expect that current actions of central banks and normalisation of supply chains help to alleviate price pressures. Continue reading

Category: Economy